Canopy Rivers invests in LeafLink's global cannabis strategy

Canopy Rivers has agreed to partner with LeafLink in a joint venture to deploy the U.S. company's cannabis business-to-business software platform to global markets. Canopy Rivers invested an initial US$2 million in LeafLink Services International ULC and has the option to invest an additional US$6 million. LeafLink invested an initial US$1 million. The initial investment gives Canopy, the venture capital arm of Canadian cannabis producer Canopy Growth Corp, an 18 percent stake in the joint venture. Based in Los Angeles, LeafLink serves more than 950 U.S. cannabis brands. Its investors include Lerer Hippeau, Nosara and Casa Verde Capital.

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